IT Software Products company Quick Heal Technologies declares Q3FY22 result: Quick Heal Technologies Third Quarter Revenue Grows 14%, Enterprise segment continues to grow in double digits Revenue at Rs 796 mln up 14% EBIDTA at Rs 205 mln up 24% PAT at Rs 143 mln up 6% EPS at Rs 2.45 up 17% Continues to be a debt free company Dr. Kailash Katkar, Managing Director and Chief Executive Officer, Quick Heal Technologies Limited, said, “We delivered a robust third quarter in terms of revenue, subscribers, profitability and cash flow which is a testament to our team’s strong execution. Our continued commitment to secure our customers’ ever-increasing online footprint helped us add 818 thousand new subscribers. The growth in enterprise segment has been promising and we expect the momentum to continue in the coming quarters. In line with our strategy to boost market share, we continue to invest in R&D; and strengthen leadership team that will enable us to launch next-generation solutions in the coming quarters,” he added. Mr. Navin Sharma, Chief Financial Officer, Quick Heal Technologies Limited, said, “We delivered solid results in Q3, as continued strong demand for our cybersecurity products across our diversified global go-to-market channels, coupled with our focus on operational discipline, resulted in 14% Y-o-Y growth in Revenue and 24% Y-o-Y growth in EBITDA. In line with our continued focus on R&D; and innovation, we spent 27% of revenues as R&D; during the quarter. Our balance sheet remains strong with zero debt and cash and cash equivalents of Rs 3,275 mln as on 31st December 2021. We are committed to driving shareholder value by growing profitability across both of our segments and driving solid Unlevered Cash Flow.” Result PDF
Conference Call with Quick Heal Technologies Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights Revenue at Rs 1,038 mln up 23% EBIDTA at Rs 463 mln up 18% PAT at Rs 346 mln up 20% Cash PAT at Rs 388 mln up 15% The company delivered strong revenue and profitability for the quarter while further consolidating its position in the retail as well as enterprise and government segment. Dr. Kailash Katkar, Managing Director and Chief Executive Officer, Quick Heal Technologies Limited, said, “Our robust all-round performance during the quarter in terms of revenue, profitability and cash flow generation along with strong growth outlook continue to demonstrate our strategic focus and the strength of our offerings in the cybersecurity space. Despite all the challenges due to COVID related disruptions, we have demonstrated our agility with strong performance in both retail as well as enterprise and government segment. He further added, “We have been able to achieve double digit growth in the enterprise segment consistently in the last few quarters. In line with our strategy to boost market share, we continue to invest in R&D; and strengthen leadership team that will enable us to launch next-generation solutions in the coming quarters.” Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, said, “With easing of lockdown restrictions and continuous improvement in economic activity post the second wave of COVID-19, the company witnessed significant growth in the current quarter. With economy rebounding sharply, we have increased our investment in marketing & brand promotion along with continued focus on innovation. This will help in increasing brand recognition and customer reach which will accelerate future growth. We were able to manage our working capital in an efficient way which has resulted in better cash flow. Our balance sheet remains strong with zero debt and cash and cash equivalents of Rs 3,166 mln as on 30th September 2021.” Result PDF